C&S Wholesale wins auction for AWI

As reported in the Food Trade News last week, a U.S. Bankruptcy judge declared C&S Wholesale Grocers the winner of the auction to acquire the assets of Associated Wholesalers, Inc. (AWI), the PA-based co-operative. The bid was valued at $288.1 million, about $3.5 million more than Supervalu's runner-up bid.

The acquisition is expected to close on November 11.

Related stories:
C&S Wholesale bids to acquire AWI (9/17/14)
King and Balducci's leaving White Rose for Wakefern (10/15/14)

Kings and Balducci's leaving White Rose for Wakefern

Angelo Gordon Supermarkets, which operates the Kings Food Markets and Balducci's banners in the Northeast, has begun the process of switching from White Rose to Wakefern, according to published reports. Associated Wholesalers, Inc. (AWI), White Rose's parent company, filed for Chapter 11 Bankruptcy last month and is expected to be sold at auction to C&S Wholesale Grocers.

C&S Wholesale keeps growing despite A&P losses

An executive for C&S Wholesale Grocers said yesterday the company is growing through the addition of customers like Ahold (Giant, Stop & Shop), Foodtown and Target. This growth comes despite the fact that bankrupt A&P had accounted for as much as 20% of the company's revenues.

At a conference yesterday, C&S Senior Vice President and Treasurer Tim Ludlow said they have recently added $1 billion in new business with Ahold and may double its current volume with Target this year. They have also added the Foodtown cooperative as a wholesale customer.

Source: Supermarket News